News Release

Share This:

November 08, 2016

Fannie Mae Announces the Winner of its Reperforming Loan Sale

Alicia Jones

202-752-5716

WASHINGTON, DC – Fannie Mae (FNMA/OTC) today announced the winning bidder for its reperforming loan sale. The sale included approximately 3,500 loans totaling $789.2 million in unpaid principal balance (UPB), divided into two pools. The winning bidder of both pools for the transaction, expected to close on December 15, 2016, is Towd Point Master Funding, LLC (Cerberus).

In collaboration with Citigroup Global Markets Inc., Fannie Mae began marketing these loans to potential bidders on October 11, 2016.

“We are pleased to see a high level of investor interest in our reperforming loans,” said Bob Ives, vice president of retained portfolio asset management, Fannie Mae. “This sale supports our efforts to reduce the size of the company’s balance sheet.”

Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit fanniemae.com and follow us on twitter.com/FannieMae.